Apr 10, 2010 6:00am EDT
motor dan and worked a couple of years for the bank of america in chicago before returning to know dirtying to help coach the men's lacrosse team. he joined july 31st 2000. he got married six weeks before september 11th, 2001. he and his bride went on the honeymoon to the caribbean island of st. martin. christina defazio and jessica worked on the firm's back-office grip on the site of the ninth floor closest to the north tower. the course that connected will to the more slender because he didn't know them well. cliff worked in the firm's insurance group. he was a good office acquaintance. eric fourth and bradley were close friends. they knew about biases's propensity frank sidey. college friends used to call him crisis the way for blowing things out of proportion. rick and maddock regularly played practical jokes on will. sitting across on the 89th floor was carroll, an event coordinator and administrative assistant. she had a bubbling personality and changed her hair color regularly from blond to brown and back again. another nearby employees was chris hughes and arbitrage trader.
Apr 17, 2010 7:00am EDT
praised initiative to increase homeownership in america. it reached unsustainable levels and became too much of a good thing. like all the players in the home mortgage market bank managers at wamu and elsewhere mistakenly believed that they were effectively averting risks by moving loans off their books and securitizing them. similarly, homeowners perceived little risk in their adjustable rate mortgages because they thought they could sell their homes at a profit before rate resets kicked in. investors believed mortgage-backed securities carried little risk because credit agency -- credit rating agencies rated them highly. those proved misplaced when the market collapsed and the risks turned out to be all too real. the fallout hit financial institutions large and small with state and federal charters overseen by every bank regulators. since wamu's failure the ots has taken lessons to heart from our own review to the thrifts and the inspector general's mature loss reviews and we have made strides to address the resulting recommendations. we have instituted controls to better track proble